EX-12 3 mdca-20140630xexhibit12.htm EXHIBIT
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Six Months Ended June 30, 2014
| 2014 |  | 2013
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) from continuing operations attributable to MDC Partners Inc. | $ | 7,882 |  |  | $ | (29,839 | )
Additions: |  |  |  |  |
Income expense (benefit) | 3,044 |  |  | (12,523 | )
Noncontrolling interest in income of consolidated subsidiaries | 3,111 |  |  | 2,496 |
Fixed charges, as shown below | 33,475 |  |  | 84,771 |
Distributions received from equity-method investees | 8 |  |  | 3,096 |
| 39,638 |  |  | 77,840 |
Subtractions: |  |  |  |  |
Equity in income of investees | 142 |  |  | 123 |
Earnings as adjusted | $ | 47,378 |  |  | $ | 47,878 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 25,491 |  |  | 72,088 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,145 |  |  | 6,303 |
Interest within rent expense | 6,839 |  |  | 6,380 |
Total fixed charges | $ | 33,475 |  |  | $ | 84,771 |
Ratio of earnings to fixed charges | 1.42 |  |  | N/A |
Fixed charge deficiency | N/A |  |  | $ | 36,893 |